Koninklijke Philips NV Sees Significant Increase in Short Interest (PHG)
Koninklijke Philips NV (NYSE:PHG) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,554,712 shares, a growth of 69.9% from the July 15th total of 915,136 shares, Analyst Ratings Network reports. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 835,824 shares, the short-interest ratio is currently 1.9 days.
Shares of Koninklijke Philips NV (NYSE:PHG) opened at 30.29 on Tuesday. Koninklijke Philips NV has a 52-week low of $29.58 and a 52-week high of $38.40. The stock has a 50-day moving average of $31.1 and a 200-day moving average of $32.79. The company has a market cap of $27.986 billion and a price-to-earnings ratio of 19.35.
Koninklijke Philips NV (NYSE:PHG) last released its earnings data on Monday, July 21st. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.02. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis.
Koninklijke Philips NV, formerly Koninklijke Philips Electronics NV, is the Netherlands-based parent company of the Philips Group (NYSE:PHG).
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